Reversal of migration flows: A fresh look at the German reunification
| Autor: | Andreas Schäfer, Thomas M. Steger, Benjamin Fuchs, Volker Grossmann |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Market integration
Economics and Econometrics Labour economics Capital formation Housing services Labor market integration media_common.quotation_subject Immigration Reverse migration Renting 0502 economics and business Economics 050207 economics German reunification 050205 econometrics media_common business.industry 05 social sciences Causal effect SDG 10 - Reduced Inequalities Net migration rate Capital (economics) business Finance |
| Zdroj: | Grossmann, V, Schaefer, A, Steger, T & Fuchs, B 2017, ' Reversal of migration flows : A fresh look at the German reunification ', Journal of International Economics, vol. 109, pp. 1-15 . https://doi.org/10.1016/j.jinteco.2017.05.006 |
| ISSN: | 0022-1996 |
| DOI: | 10.1016/j.jinteco.2017.05.006 |
| Popis: | We investigate the dynamic effects of interregional labor market integration on migration flows, capital formation, and the price for housing services. The co-evolution of these variables depends on initial conditions at the time of labor market integration. In an initially capital-poor economy, there may be a reversal of migration flows during the transition to the steady state, while housing costs are increasing over time. Although capital may accumulate while labor emigrates early in the transition, the causal effect of immigration on capital investments and housing costs is positive. We present new data on the evolution of net migration flows and rental rates for housing in East Germany after 1990. Our results are consistent with the presented evidence in the reverse migration scenario. |
| Databáze: | OpenAIRE |
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